CRH completed the acquisition of cement and readymixed assets from Martin Marietta for $2.1bn.

CRH, a provider of building materials solutions, completed the acquisition of cement and readymixed assets from Martin Marietta, a supplier of aggregates and heavy building materials, for $2.1bn. "The acquisition of these high-quality assets further strengthens our market leading position in Texas and increases our exposure to attractive, high-growth markets. Our ability to leverage our cement expertise and technical capabilities will enable us to enhance and optimize our existing footprint in Texas, resulting in significant synergies and self-supply opportunities. This transaction reflects our disciplined approach to capital allocation as well as our commitment to deliver further growth and value creation for our shareholders. We also believe there is significant potential to unlock additional growth opportunities across an expanded footprint in this attractive growth market," Albert Manifold, CRH Chief Executive.